How to eliminate it? RT @Liberationtech: "Privacy was top of mind as we designed Glass,” Google Product Director Steven Lee
12 minutes ago
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Our Friday Think Tank Discussion on Bloomberg’s “Taking Stock with Pimm Fox,” with Two Steve’s – Wood and Blitz
Click for Video:
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Over Half the Eurozone Is Downgraded – Italy as Creditworthy as Kazakhstan? (also a few words on what private sector “involvement” will really mean with respect to Greece
The members of the European Monetary Union, as a fundamental structural solution to the Eurozone crisis, have sought to leverage their blended credit in the capital markets (via the EFSF and ultimately the ESM) to push the present lack of peripheral sovereign creditworthiness (and, by extension, the creditworthiness of the core nations’ banks) far into the future. [...]
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Talking Macro and Fed Policy with Mike McKee and Sara Eisen on Bloomberg’s “On the Economy”
Click for audio: http://media.bloomberg.com/bb/avfile/Economics/On_Economy/vxYMBmnv2kaE.mp
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Inflated Wishful Thinking – Why Reflation Isn’t Going to Happen Any Time Soon
There has been a lot of chatter coming out of this past weekend’s meet of the American Economics Association in Chicago. Among the interesting reports is this one from Ryan Avent’s blog at The Economist. In his post, Avent discusses a talk given by Stanford economist Robert Hall. Ryan summarizes Hall’s argument as follows: “A little more [...]
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On Employment, In(de)flation, Growth etc. – “Taking Stock with Pimm Fox” January 6, 2012
Great discussion among Jeffries’ Ward McCarthy, Al Angrisani, Bloomberg’s Pimm Fox and Dan Alpert:
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Pete Tchir is Troubled by a Hole in the ECB’s Phantom Bailout Bucket (Long Term Refinancing Operations)
Peter Tchir blasted the following out this pre-holiday morning. He is clearly concerned that there’s a hole in the ECB’s phantom bailout bucket. I see his point and encourage further investigation and comment. It was just a little footnote to the LTRO announcement. Just a little statement that 40 billion of the collateral received by [...]
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Today’s U.S. New Home Starts and Permits Numbers: “Who Knows What Evil Lurks? The Shadow Knows”
The thinly traded equity markets took off today on the strength of some very good November numbers out of the Census Department on the U.S. home building sector (also, among a few other things, an absence of bad news from Europe – but that’s another matter). The numbers were quite good on both the starts and permits side, showing annualized, [...]
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In Flanders Fields of Dreams (or, €Zone Core c. 2012 = AIG c. 2008?)
With the outcome of the EU meeting in Brussels leaving much in doubt heading into next year, it may be appropriate to reflect for a moment on how far we have come in a century. For all the cross-border conflict, at least imbalances and disputes among continental nations are being addressed at the points of [...]
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On Sticky Wages and What Happens when Inflation is No Longer an Alternative
Over the past weekend, on his blog on nytimes.com Paul Krugman published a piece entitled “Lessons from Europe” in which Paul approvingly cites a (Oxford economics professor) Kevin O’Rourke article on the EU summit, in which Prof. O’Rourke lays out a very correct argument as to why internal devaluation will not work in the Eurozone [...]
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On Europe: Perhaps This Is the Week that Fewer People Listen to Nonsense
This may well turn out to be the week during which the markets finally break the repeated rally on rhetoric pattern that has previously given the “Euro-crats” more than their fair share of opportunities to delay meaningfully addressing European imbalances. While over the weekend still more bandages were being prepared to cover festering financial-economic wounds [...]
